Sherry came on set. Scarlet 15 minutes before we got another leg higher. Lets check in with our reporters. Im thinking about all the themes that you and the panels are talking about. Overbought, overextended. This chart suggests perhaps at some point relatively soon consolidation could be due because of how overextended the s p 500 is. Wer the last year, in white have the s p 500 and in yellow we have the 200 day moving average. Above that moving average. In august 9 above. Above the moving average but what i would like to the point here is we have that is comingas the rsi down from its most overbought levels. Technicians like it overbought arket so long as its in series of rising highs. Here we have lower highs suggesting it is cooling off. It will be very interesting to see what the trigger will be. This chart does again suggested is probably coming. Sarah thanks. I want to rewind a bit. Pick backup on that value versus growth rotation conversation, k. Ing had on the des at the end o
Warned companies to not violate the law. And initiated litigation where warranted. Republican attorney generals are defending americans from these global elites and radical g. S. E. Advocates. We appreciation the attention of this committee and members of congress are giving to e. S. G. This conversation and debate is one that must be returned to you, our nations policymakers. Thank you for the time and being here today. Thank you, general reyes. Chairman comer, ranking member, and members of the committee. Thank you for letting me testify before you on e. S. G. Factors are distorting our fangs systems and harming consumers and working class americans. It involves some of the biggest and most powerful players in the Global Economy forcing costly operational changes on American Companies in pursuant of the 2025 pairs Paris Agreement goals. These goals have never been adopted by congress. But contemplate changes to our way of life that are farreaching and fundamental. These changes invol
Interesting to hear you may not like the bond reaction. As for stocks you do have the three major added three major averages. The s p 500 and the nasdaq all nicely higher. Perhaps investors think the fed will be slower to raise rates. This has put the three averages on pace. We take a look at the s p 500 intraday chartres. Intraday chart. One area of weakness is the cruise line stocks. This includes carnival, caribbean, and the no region and the norwegian cruise lines. It looks like a monthly survey suggests demand for cruising declined in august. One stock trading under armour. Selling up to 1. 8 5 million shares, plus 200,000 shares in the charitable foundation. Nejra how about florida, now that the storm has diverted . Abigail there are some interesting influences. One of the influences is on the frozen concentrated market. Having its worst day since august 8. Here we go, aig and trading lower. They are trading higher on the storm prospects a bit off the high. Nejra we were talking
Bailout money, greece will not be able to retain an imf loan for the next month. Olivia Richard Shelby wants to make the most extensive changes to the dodd frank financial reform law. One of his proposals could free up 66 billion in capital for 11 lenders including american express. Shelbys Committee Vote debate the bill today and he wants to raise the point at which banks are considered systemically important and that was that some small lenders reduce capital levers and return some of it to shareholders. Mcdonalds is bracing for more protest today when shareholders meet at headquarters in chicago, illinois. Demonstrators marched on the mcdonnell conflict yesterday and they want workers to be paid a minimum of 15 an hour and have the right to unionize. About 100 protesters were arrested and todays meetings the ceo told stockholders since the first time before coming ceo. Erik after more than 6000 shows, David Letterman said goodbye last night. He signed up cbss late show for the last
Northern Trust announced today that Ryan McCauley was promoted to Senior Managing Director for the Foundation & Institutional Advisors practice in the West Region. In this role, McCauley will lead a.